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  • #211,621
  • Mar 16, 2010 7:50am Mar 16, 2010 7:50am
Quoting kingfisher
I want to ask you: You also trade DAX..Do you find DAX easier to trade then forex?

Personally i am looking at future trading in my own country stock exchange and i find it is easier to handle the future trading.

I want to know your views since you trade both DAX and forex.
It really depends sometimes DAX is easier sometimes forex. Right at the moment forex seems to be working better. The DAX made a lot of price in a short time so I really dont like it, on top of it I see a H&S formation topside and downside(if this makes sense). Futures trading is very different as you dont get the same amount of points movement as u get in forex, but it can be much safer as you have a cash market and future market if they line up its a nearly no brainer then. Should you want more info just pm me and we can then skype and discuss further details. aah maybe start trading cfds like this u can test ur strategy and dont get so badly hurt when it goes wrong...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #211,622
  • Mar 16, 2010 7:51am Mar 16, 2010 7:51am
Quote
This down move was a correction that stopped at around 61.8% of last years up move.

Or this down move stopped at 61.8% because big guys booked profits at these levels. (61.8% retracement at 1.34xx)

Market behaviour/human behaviour repeats itself over and over again. This is a same consolidation which happened in June 09- Aug 09 and after that E/U resumed its uptrend.

This is a range trading going on- 1.34-1.38. E/U will resume its downtrend but it will not fell as fast and hard it did from dec 09-feb 09.

Few months down the line, i expect E/U relaxing at 1.24-1.25 and then with US interest rate increase (expected in nov 2010), i expect US bears to take over because of improved risk appetite.
  • #211,623
  • Mar 16, 2010 7:54am Mar 16, 2010 7:54am
Quote
It really depends sometimes DAX is easier sometimes forex. Right at the moment forex seems to be working better. The DAX made a lot of price in a short time so I really dont like it, on top of it I see a H&S formation topside and downside(if this makes sense). Futures trading is very different as you dont get the same amount of points movement as u get in forex, but it can be much safer as you have a cash market and future market if they line up its a nearly no brainer then. Should you want more info just pm me and we can then skype and discuss...

Thanks Mate. I appreciate your reply.

I am analysing futures market and will be ready to take up a first trade in 4 weeks time.
  • #211,624
  • Mar 16, 2010 7:55am Mar 16, 2010 7:55am
Quoting simao
kuroro , shorting EU and GU from this level 3720 & 5146, and still for swing target , what about you? bro
maybe we see break to down after FOMC Statement!!!
I would not have touched gbpusd (but i bet that if eurusd fall gbpusd will follow)...but eurusd was a good short at 1.3725 indeed...and yen pairs as well

Now i'll wait for a move below 1.3700 for eurusd
COT: The precious data ignored
  • #211,625
  • Mar 16, 2010 7:57am Mar 16, 2010 7:57am
Something was breached

There will be dips but they are to be bought

Attached Image (click to enlarge)
Click to Enlarge Name: daily.GIF Size: 33 KB
Some drink at the fountain of knowledge. Others just gargle !
  • #211,626
  • Mar 16, 2010 8:00am Mar 16, 2010 8:00am
Quoting plan-b
Something was breached

There will be dips but they are to be bought

Attachment
yay! lets open a champaign bottle! finally some sign of bulls in EUR/USD!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #211,627
  • Mar 16, 2010 8:00am Mar 16, 2010 8:00am
Quoting plan-b
Something was breached

There will be dips but they are to be bought

Attachment
no they are going to raise rates for sure ... as they love having more than 300,000 foreclosures per month

nice work on the chart
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  • #211,628
  • Mar 16, 2010 8:01am Mar 16, 2010 8:01am
Quoting plan-b
Something was breached

There will be dips but they are to be bought

Attachment
Your prolly right...
  • #211,629
  • Edited 8:02am Mar 16, 2010 8:02am | Edited 8:02am
MNI SPOT GOLD TECHS: Gold Testing Resistance at $1117.00
RES 5: $1128.00 High 10 Mar
RES 4: $1122.00 50% retracement of $1145-$1099 move
RES 3: $1119.50 High 12 Mar
RES 2: $1117.30 100 hour moving average
RES 1: $1116.70 21 day moving average
CURRENT LEVEL: $1115.60
SUP 1: $1110.90 55 day moving average
SUP 2: $1099.00 Low 12 Mar
SUP 3: $1095.20 50% retracement of $1045.50-$1145.00 move
SUP 4: $1092.40 Sigma 2 Bollinger Band
SUP 5: $1088.70 Low 25 Feb
COMMENTARY: Gold trading higher Tuesday as a weaker dollar and an
increase in risk appetite help the precious metal higher, currently
testing some resistance around the $1170 area (21 and 100 dma).

Provided by: Market News International

Gold just took off 1122.60
Trade on your own risk Plan your trade&trade your plan dont be a
  • #211,630
  • Mar 16, 2010 8:02am Mar 16, 2010 8:02am
On a previous post I was warning everybody of the possibility of a wipsaw during the agitation that is being experienced between 3650 and 3700:

http://www.forexfactory.com/showpost...stcount=211456

This wipsaw is no longer in effect and due to the time limitation imposed to complete a downward motion, the EUR will hold the 3700 aera quite solidly. There is a angle shift that is being observed on the hourly time frame which is a strong indication of a thrust that is about to come soon. keep your long positions intact. The EUR wont come below the red trendline on the M5 chart, since that would negate a impulse pattern with wave 2 and 4 overlapping.

Good Luck and Happy Trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H1.GIF Size: 10 KB
Click to Enlarge Name: EURUSD_M5.GIF Size: 12 KB
  • #211,631
  • Mar 16, 2010 8:04am Mar 16, 2010 8:04am
Quote
On a previous post I was warning everybody of the possibility of a wipsaw during the agitation that is being experienced between 3650 and 3700:

http://www.forexfactory.com/showpost...stcount=211456

This wipsaw is no longer in effect and due to the time limitation imposed to complete a downward motion, the EUR will hold the 3700 aera quite solidly. There is a angle shift that is being observed on the hourly time frame which is a strong indication...

This is a good analysis- Shift in angle. We can see on charts angle is shifting.
  • #211,632
  • Mar 16, 2010 8:06am Mar 16, 2010 8:06am
seem like [email protected] there. reject will going down again...
  • #211,633
  • Mar 16, 2010 8:10am Mar 16, 2010 8:10am
breaking channel

shake out yesterday with reversal day up today

price this hour above close of last hour

Not sure why everyone is in a hurry to go short on this one. Unless for a scalp.

I always try and wait for a close under prior hours close before trying to guess a top , then I can use prior hours top as my stop.

Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 253 KB
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  • #211,634
  • Mar 16, 2010 8:12am Mar 16, 2010 8:12am
EURO-DOLLAR: "Paying attention to the stop run" in oil and gold, says
one FX trader, explaining the modest lift in euro-dollar against a
backdrop of higher oil and gold. Euro crawling higher for trade to
$1.3735 or so as supply to $1.3750 slows momentum.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #211,635
  • Mar 16, 2010 8:13am Mar 16, 2010 8:13am
Amazing my eu long still there ! and pending orders are there at the top yet to go but any in eu , gold doing surprised me ,over 1117/20 , should mean the oneway up only.if so may to loose some position in there as already pendings activated .to see what others thinking after taking the tea.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #211,636
  • Mar 16, 2010 8:14am Mar 16, 2010 8:14am
Quoting malcolmb14
breaking channel

shake out yesterday with reversal day up today

price this hour above close of last hour

Not sure why everyone is in a hurry to go short on this one. Unless for a scalp.

I always try and wait for a close under prior hours close before trying to guess a top , then I can use prior hours top as my stop.

Attachment
malc, i believe everyone is scalp for +/-20~30pips only...but surely tight SL is needed
  • #211,637
  • Mar 16, 2010 8:14am Mar 16, 2010 8:14am
eu 60 min r at 1.3725 , but no real selling pressure yet

breaks here we test 1.3780 highs.

Low pf prior 60 min 1.3706 could form support. I am waiting for a break down of that to take a short if i see sellers coming in. But due to being above yesterdays value area for intraday I am favoring buy dips , even if those dips are down to 1,3680

Attached Image (click to enlarge)
Click to Enlarge Name: eu60.jpg Size: 222 KB
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  • #211,638
  • Mar 16, 2010 8:16am Mar 16, 2010 8:16am
Quoting malcolmb14
breaking channel

shake out yesterday with reversal day up today

price this hour above close of last hour

Not sure why everyone is in a hurry to go short on this one. Unless for a scalp.

I always try and wait for a close under prior hours close before trying to guess a top , then I can use prior hours top as my stop.

Attachment
Well if you look at the 30mn or hourly candle it's not really suggesting to go long
Big candle closing off their high....the uptrhust on 30mn has higher vol than the previous ones...and struggling to go through 1.3725-30 (old support and new resistance)

It suggest a move down or at least a bounce towards 1.3700 to me
But i'm just gambling to it's 50/50
COT: The precious data ignored
  • #211,639
  • Mar 16, 2010 8:17am Mar 16, 2010 8:17am
i know sl bigger then tp but its ok
Trade on your own risk Plan your trade&trade your plan dont be a
  • #211,640
  • Mar 16, 2010 8:19am Mar 16, 2010 8:19am
Quoting special0nefx
malc, i believe everyone is scalp for +/-20~30pips only...but surely tight SL is needed
if you look at 60 min chart and draw a line thru 1,3700 they are shorting right above strong resistance for the last 6 weeks , sure way to lose money
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